Wellington Management Group LLP Makes New Investment in F&G Annuities & Life, Inc. $FG

Key Points

• Wellington Management Group LLP made a new investment in F&G Annuities & Life, acquiring 42,351 shares valued at approximately $1.53 million.
• Wall Street analysts have recently upgraded the company's rating, with Barclays raising the target price from $37.00 to $40.00, reflecting confidence in its growth potential.
• F&G Annuities & Life declared a quarterly dividend of $0.22 per share, representing an annual yield of 2.5%.

Wellington Management Group LLP purchased a new stake in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,351 shares of the company's stock, valued at approximately $1,527,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelity National Financial Inc. lifted its holdings in shares of F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock worth $3,999,479,000 after purchasing an additional 4,500,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of F&G Annuities & Life by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after buying an additional 165,489 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $72,007,000. Dimensional Fund Advisors LP lifted its stake in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after acquiring an additional 42,081 shares during the period. Finally, American Century Companies Inc. boosted its stake in F&G Annuities & Life by 26.6% during the 1st quarter. American Century Companies Inc. now owns 296,101 shares of the company's stock valued at $10,674,000 after purchasing an additional 62,201 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Price Performance

Shares of F&G Annuities & Life stock traded down $0.72 on Friday, reaching $34.60. 46,892 shares of the stock were exchanged, compared to its average volume of 222,256. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $4.66 billion, a PE ratio of 13.94 and a beta of 1.55. The firm's 50 day moving average is $32.88 and its 200-day moving average is $34.56. F&G Annuities & Life, Inc. has a one year low of $30.01 and a one year high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. As a group, analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 35.48%.

Wall Street Analysts Forecast Growth

FG has been the topic of several research reports. Wall Street Zen raised F&G Annuities & Life from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Zacks Research raised shares of F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research note on Monday. Finally, Barclays increased their target price on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $44.33.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.